john boehner didn't want to have any type of grand bargain. he wants to wait for the new congress to be seated. how you do a temporary punt. obama has the leverage. he won re-election. so where we go from here, i think you are going to see a lot of political games next week when congress comes back to town. potentially, we go deep into december. >> the president is holding most of the cards here, he won re-election and the republicans are absolutely terrified of going over the cliff. the tax cuts expire. the president and democrats propose a bill to restore the tax cuts to all but the top bracket and the republicans say, no, no, no. we don't want to do that. we have to restore the tax cuts to the rich people. they don't want to be in that situation, they can't let themselves get in that situation. >> which is why, i think you saw john boehner come out pretty aggressively this week and say he's open to a compromise. the key word in his statement and the statement he made before the election was tax rates. he doesn't want to see the rates go up.